证券日报网2月4日讯 ，西山科技在接受调研者提问时表示，在国际市场拓展方面，公司持续加大国际 注册与推广投入，产品已覆盖全球46个国家和地区。2025年下半年，公司手术动力装置产品成功获得欧 盟CE-MDR认证，这一重要资质将对未来国际产品准入及销售产生显著的积极影响。公司也将依托手术 动力装置取得CE认证的经验，加速推进内窥镜、等离子等多产品的注册，以及手术动力装置、能量手 术设备与内窥镜相关产品在全球的注册及准入。此外，公司通过筛选目标国家具备公司现有优势科室的 区域资源与渠道的经销商建立合作，授权其负责当地市场的推广、渠道建设及终端医院的销售拓展，同 时公司会为经销商提供必要的产品培训与业务指导，以保障国际业务的稳健增长。综上所述，公司通过 夯实产品技术基础、获取关键国际认证、构建全球经销网络以及清晰的战略路径，为国际市场的长远发 展奠定了坚实基础。公司致力于寻找专业、优质、合适的国际合作伙伴，通过强强联合提升市场拓展的 宽度和效率，海外市场的发展前景值得期待。 （文章来源：证券日报） ...

Core Viewpoint - Longyuan Technology is a pioneer in plasma coal powder combustion technology in China, with strong technical advantages in energy conservation and environmental protection [1] Group 1: Business Overview - Longyuan Technology was established on December 26, 1998, and listed on the Shenzhen Stock Exchange on August 20, 2010, with its registered and office address in Yantai, Shandong Province [1] - The company's main business includes plasma products, micro-oil ignition system products, low-nitrogen combustion products, and boiler waste heat utilization products, categorized under environmental protection equipment [1] Group 2: Financial Performance - In Q3 2025, Longyuan Technology achieved operating revenue of 521 million yuan, ranking 18th out of 28 in the industry, significantly lower than the top company, Yingfeng Environment, which reported 9.544 billion yuan [2] - The net profit for the same period was approximately 37.66 million yuan, ranking 12th in the industry, also far below the leading company, Longjing Environmental Protection, which reported 785 million yuan [2] Group 3: Financial Ratios - As of Q3 2025, Longyuan Technology's debt-to-asset ratio was 29.18%, lower than the previous year's 34.75% and below the industry average of 43.61%, indicating lower debt pressure [3] - The gross profit margin for Q3 2025 was 25.30%, an increase from 18.38% in the previous year, but slightly below the industry average of 25.59% [3] Group 4: Leadership - The chairman, Qu Zengjie, born in 1982, has a rich background and holds a master's degree, currently serving as the party secretary of the company [4] - The general manager, Guo Feng, born in 1980, has a bachelor's degree and a master's degree in engineering, also possessing extensive experience [4] Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.82% to 23,500, while the average number of circulating A-shares held per household increased by 6.18% to 21,900 [5]

Core Viewpoint - Longyuan Technology's stock has experienced fluctuations, with a recent decline of 2.04%, while the company shows mixed financial performance in terms of revenue and net profit growth [1][2]. Group 1: Stock Performance - As of October 24, Longyuan Technology's stock price is 7.70 CNY per share, with a market capitalization of 3.972 billion CNY [1]. - Year-to-date, the stock price has increased by 2.26%, with a 4.48% rise over the last five trading days and a 6.06% increase over the last 20 days [1]. - The company experienced a net outflow of 12.4964 million CNY in principal funds, with significant selling pressure from large orders [1]. Group 2: Financial Performance - For the period from January to September 2025, Longyuan Technology reported a revenue of 521 million CNY, a year-on-year decrease of 9.30%, while the net profit attributable to shareholders increased by 61.51% to 37.6595 million CNY [2]. - Cumulative cash dividends since the company's A-share listing amount to 505 million CNY, with 233 million CNY distributed over the past three years [3]. Group 3: Business Overview - Longyuan Technology, established on December 26, 1998, specializes in plasma products, micro-oil ignition systems, low-nitrogen combustion products, and boiler waste heat utilization products [1]. - The company's revenue composition includes: 43.15% from oil-saving business, 31.26% from comprehensive energy-saving renovation, 15.36% from low-nitrogen combustion, 4.45% from clean heating, 3.32% from intelligent software, 1.84% from other businesses, and 0.62% from distributed photovoltaic projects [1].